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in san francisco. after you take a look at the beautiful properties, you might be able to do that, too. the power house is one of the world's most beautiful and expensive cities today and that is san francisco. jeff is a top producer and partner with mcguire real estate. glad to have you with us. >> thank you. thank you for having me on. >> san francisco is one of my favorite cities but it has always been pretty expensive. the average listing price is about $1.5 million. average sales price year to date is a bit over $1 million. currently there are about 640 active listings on the market. but for california? that's actually pretty low inventory. you have got fantastic listings for us. the listing price is $595,000 dollars. >> it was a two bedroom one bathhouse. close proximity to silicon valley. very nice tastefully re-done kitch kitchen. a two-car garage and close proximity to silicon valley. >> i'm going to move over here. it was listed at $595,000. it sold for $781,000. the taxes, just over a little bit of $9,000. but it's only 1,000 square feet, which i find interesting. let's go t
as the most competitive man in the world. [helicopter blades whirring] >> it's a perfect day on san francisco bay. >> normal tack. bmg. quick fill. hold the angle down. >> larry ellison's boat is usa 76, the one with oracle on its sail. his opponent is named alinghi, the boat that beat him in the americas cup. >> and bill coming up on tacking. >> ellison invited us along for the race, and we wondered just how much he'd spent so far chasing the cup. >> $100 million. >> have you really? >> yeah. >> $100 million? >> close enough. close enough, yeah. $100 million. >> it's that much-- it's worth that much to you to bring home the americas cup, $100 million? >> it was. it's not worth that much to lose the americas cup. [laughter] >> ellison's boat will be the main challenger at the next americas cup, but that's three years away. for now, the boats battle in a series of exhibition races, this one in san francisco. >> got to be real careful we don't have to turn out. >> five minutes before the start, the boats begin to zigzag in a high stakes game of chicken. 75% of races are won by the first boat to
san francisco with more on the results, the chief economist. jet, am i getting your last name right on that? >> yes, you are, good morning. >> so, i was actually surprised by this. because i thought it was the opposite way around still. you would buy of the 100 metropolitan cities, would you buy everywhere? >> right now it's cheaper to buy than to rent in all of the 100 largest markets. when you take into account all of the costs and proceeds of both owning and renting. >> how are you making this calculation? what's the time horizon? there's got to be other things decides what it means from one year to one year. >> yeah, there's a lot going on under the hood. we're assuming you stay in your home for seven years, which has been the typical length of time that americans stay in a home. we're also assuming that you can get today's prevailing low mortgage rates of about 3.5%. 20% down, 30-year fixed and you're itemizing your deductions at the 25% bracket. taking all those together means that nationally it's 44% cheaper to buy than to rent. now, of course that depends on those assumption
a condominium, and san francisco, the financial center, go and try to buy a condominium. where's the wealth effect in the rest of america? it just has not worked. >> is there a world outside of new york? come on! >> energy-rich states aren't experiencing a wealth effect? florida's not experiencing a wealth effect? >> of course they are. >> no, they are experiencing a wealth effect. >> tell me what their unemployment rate is. >> what are you saying, pete, that there is no wealth effect? that when the stock market is going higher, people don't feel richer and they don't act -- >> real estate is a more important wealth -- >> but that's what the fed was counting on. they were counting on the wealth effect, because all they've done is create bubbles once again. you thought we had a bubble in '07? look what's happened now? look at manhattan real estate, look at san francisco real estate. look at collectibles. lack at all of the things that were bubbles in '07. we started the deleveraging process, it started to look out nicely, liquidation of debt, and now we're back to where we started. >> and of
flights between los angeles, san francisco, and new york. and by the way, they will have fewer seats in business class, with this configuration. other airlines are following. they've got delta at the end of the month, jetblue announced they'll have something next year. and this is all about targeting those premium service customers, especially in those lucrative markets like san francisco, los angeles, new york, and washington, d.c. as you take a look at the airline stocks today, note that they are all up, maria. and we are at a six-area high. a six-year high for the airline index. it's had a heck of a run in the last year, maria. up 51%. in the end, maria, this is all about doing more to win over those corporate customers in those lucrative markets. maria, back to you. >> phil, thank you so much. and i hope you'll watch and join me for my exclusive interview with delta airline tomorrow, 3: p.m. eastern here on "closing bell." what will take the dow to new highs tomorrow? and will it be the day for s&p to break its own record? we'll weigh in on your money. stay with us. ♪ twith bla
8,000 people to test the internet connected glasses. they have to go to new york, san francisco or la to pick up the glasses. >> i can imagine this. now i can ride my bicycle and check face book. i'll tell you what i'm really worried about. this enables people to tape things. we need et. >> people do. >> i mean. i think in terms of actual contest, my thing is you're getting the geeks to talk about it but 8,000 people? it's good to do a test. and they had to pay for it themselves. i would rather see them give it to a smaller number and use that as their research. >> chocolate makers cracking down on copy cats and seeking exclusivity for the term belgium chocolate. should foot be patented. >> what kind of exports do they have? chocolate? beer? absolutely. i think it has to be within reason. and the truth is for some of these little restaurant tours. i come from rochester, home of the garbage plate. they did protect it. but they have -- there are knock offs all over the place that call it the plate. >> i think the important thing is that everything is potentially valuable is a bran
is in san francisco with more on the future of dell. jon? >> another billionaire battle with carl icahn battling, but this time taking on michael dell. under michael dell's plan it take the company private it would take on about $15 billion in debt. under icahn's plan -- >> i have to interrupt you. sorry do it. but zuckerberg has come on stage. >> can you believe the best newspaper should have a broad diversity of content. high quality public content from world renowned sources and socially and relevant updates from family, friends and people around you. it should also enable you to drill into any topic you want it discuss, that you want to go over. it should have a front page or top news section of the most important things going on across all topics and should let you drill down into any individual topic that you want. we also believe that the best personalized newspaper should be visual and rich and engaging. the stories around you are intricate and detailed and they deserve to be displayed with more than just text. so today we're going to talk about a design we think reflects this e
in san francisco. he and his partners launched genentech in 1976 with nothing more than a checkbook and an idea. >> the idea was to trick nature into letting us make something that didn't exist in nature -- in particular, human insulin. >> genentech's success led to new ways of treating everything from diabetes to dwarfism, and to getting rich. kleiner perkins' initial investment of $250,000 soared 800-fold to $200 million. >> that's what venture capitalists are created to do, and you can blame converting the orchards of silicon valley into parking lots partly on me and partly on genentech, because we proved that this kind of high-risk, high-tech venture capital could be an enormous home run, and everybody wanted to get in on it, including lots of entrepreneurs, and that's what got this whole silicon valley engine rolling, in my opinion. >> and it took somebody like perkins, with a background in science, to figure it out. he got an engineering degree from m.i.t. and an mba from harvard business school, and yet, he says, only two out of about every 10 of his projects resulted in a ho
make a baseball decision. >> reporter: they are not alone out 0 here. the san francisco giants were ahead of them in standings won two out of three last world series. anaheim angels spent money on josh hamilton. they spent 77 million on another pitcher. oakland as won 94 games. the shift of power has gone to the west coast where the red sox lost 93 games last year, the yankees even though they had a good season last year are trimming payroll. the balance of power has certainly shifted in the world of baseball. >> giants two out of three world series, lot lower payroll don't they? >> reporter: they dothan the dodgers. they spend money. they are not against spending money but they do it within the league average. they are in thor third but still spend money. the point that the dodger made is they never should have been at 95 billion. they should have been spending like boston and philly. they had to make some big deals last year. they won't stay above 200 all the way through but obviously they are willing to spend. >> my big guest problem i'm a die-hard yankee fan. you know what's go
. sears moving higher, traders telling shares were moved to the upside and take a look at san francisco old-school tech, hitting a 52% trade. ebay shares are lower after a bearish note was put out citing weak growth tunds and following the selloff with find in tech gentlemen and stores and the company blaming a delay in income tax refund. ale was not the biggest mover by any means and did end the week up. its first week of gains after three weeks of losses. >> thanks so much. as the marks keep driving higher and two higher highs we asked is this a real bull market, and does it continue higher? john brown of europe pacific capital says it's not and get out now because the market has moved too far too fast but rob lutz totally disagrees and says be ready for a big upside move from here. who is right? joining me now both of them to hash it out. thanks for joining us. john, let me start with you. you do not have faith in this market ral? what turns it own? whether we've had two items of news, the stress test which the major stress was missing, falling treasury bonds and employment figures w
since 2006, when the housing bubble burst. phoenix, las vegas, and san francisco are seeing the big gains thanks to very low supply. and new york, finally saw prices gain after seeing 28 months of negative annual returns. and i'm talking about the new york metro area, not manhattan, which is its own animal. and sue, i know we're going to talk about that now. >> indeed, we are. stay with us, diana, we're going to drill down into what is exactly going on in new york's very unique real estate market. >> and joining us, dolly lens, and our own welt editor, robert frank, who follows the wheeling and dealing of the rich, who is also here. dolly, we were joking earlier. we said new york real estate is back. it never left, did it? >> no, it never really left. absorption was off for a bit. pricing, though, never left. pricing held really high and continues to hold and doing even better. it's amazing. >> because demand is that strong or supply is that constrained right now? >> it's a mix, but it's primarily demand. because we have the unique position of having incredible demand from all over
los angeles and san francisco to new york and boston. in general the fares for business class about 50% higher than coach, and it makes up about 11% of the seats on flights making those runs. well, united is now offering live flat seats for its business class in certain transcontinental routes. they just started it this week from los angeles to new york. the flights will have fewer business and first class seats going from about 36 down to 28 just lie flat seats. why are the airlines doing this? this comes down to trying to have that premium service between the coasts so they can increase revenue. this is all about getting more money from those higher paying passengers. transcontinental premium service is targeting in specific corporate customers in industries like financial services and the entertainment industry who will pay for the lie flat seats. >> those industries pay for premium cabin seats. that's the battle. that's where the profit is, and that's who the big three airlines, united, delta, and american, are battling it out. it will be interesting to see who wins long term. >> a
in every single room. as ceo of the global high tech firm exigen in san francisco, he feels he has to be available to his customers at all hours. >> well, you lose something. you lose some days of your kids' lives. you lose some of those tender moments with the family. >> what happens when you stop working? >> i ache. >> you ache? >> well, if you go on vacation sometimes in order to sort of relax, it takes a little bit of an effort. >> i'll bet you're connected on vacation. >> you're right. >> he's so obsessed... >> oh, and look at this. yep, he's wired his shower. when greg soaks up, he doesn't daydream. he watches the business news... >> so this is at cnbc. >> got to be. checks his email, answers the phone. okay, so we've arranged fo the producer to call you on the phone. the phone is ringing. >> and simply answer the call. >> hello? >> hi, karen. >> you're on speaker phone. i can talk to her too? >> yes. >> okay, so what happened, karen, was, the water was turned off automatically... >> right. >> and he answered the phone on speaker phone, and we're talking to you from his showe
just launched san francisco to vegas for about $900. >> it's not really a private plane because i have to share the the plane with other people. >> it's a private jet but you're sharing the seats on the plane. the model was to actually pay for all the seats on the plane. >> all of them. that's a waste. so we're kind of democratizing and allowing people to fly across the the country on short hops for 900. >> you call it collaborative commerce. >> yeah. >> a lot of these services that put people together, ab&b -- >> to me the greatest risk is that something goes wrong, meaning there's that accident in one of the cars or one of the passengers has a problem or something. and you have this national brand. >> right. >> what do you do about that? >> or, by the way, somebody goes on your couch surfing service and something bad happens in the house. i hope to be the downer. >> ab&b did that. in the early stages they had a couple incidents like that. the powerful thing in uber is the uber rating. very quickly we know if a driver is 4.8, 4.9, 5.0. those are very good ratings. we also have the dri
with a special interview. >> hi, carl. thank you so much for having me. and peter is joining us from san francisco where the game developer's conference is going on. thank you for talking to us, peter. >> pleasure, jjulia. >> you have lowered your outlook for the company. what is the most important thing for the new leadership to focus on? >> certainly the ze parture at the end of next week is a sad day. but he leaves the company in great shape for the future, as well as the movement to direct a consumer digital commerce that i think we're leading the world in video game publishing. this will be the queue for the next leader. >> what that really means here is really inexpensive social and mobile games. it's a very competitive market. what are you going to do to make sure electronic arts are not still losing customers. we had a number one publisher, but we've always in our legacy is to be a publisher and developer of core games for core consumers. there are hundreds of millions of those around the world. now it's a balance. you're exactly right. there's a fragmentation in the marketplace.
have been what we would consider to be the gateway markets, new york, san francisco, boston, etcetera. the sectors that have been most compelling would probably be up until this point the apartment sector, where because of the fallen home ownership, because of demographics, up until this point. and i think one of the things we are looking for is when there will be a turn in that. because, in truth, house sg more affordable today in the u.s. than it's been in almost any time in the post war period. >> but you're saying at this point that the argument for investing in apartments because of those demographic factors and otherwise is ending and it's time to maybe shift back. what do you think is the best way to play the real estate sector generally right now? >> i would say with respect to the apartment sector, which has been a favored sector of institutional investors, our view has gone from bullish to balanced. it's still an interesting sector, but it's not nearly the opportunity it was several years ago. i think most people are trying to figure out, similar to the great rotation you we
from san francisco, jason, welcome back. >> thanks for having me. >> you know, every time they say they're going to do something, there's like a collective groan among users everywhere, is that deserved this time? >> probably not. i mean -- you know, i'm sure that there's going to be all sorts of protests and people writing long posts begging people to stop reposting their tweets and all these things. any time they change at all, it's an intimate product that any time there's any change, there's this kind of shock. i'm sure they'll blow over like they always do. >> your point is obviously mobile's changed everything. and it changes the way they have to present their news flow. what do you think it's going to be? you talk about possible lessons from instagram. >> yeah, some of the rumors, there are going to be multiple feeds, one of them will be a photo feed and it'll incorporate all the photos as the own separate feed and that way you foe facebook can kind of eat instagram and facebook will be the lens you view everything through. that's one example. you know, really what insta gram fou
.e. but at a lunch last week, san francisco fed president john pms spoke. we heard from ben bernanke twice in his testimonies. they're going to keep q.e. going into the second half of the year. the talk of tapering i think is reflecting the concerns of those who really don't have a vote. only esther george has a vote at the present time. she's descended -- >> trying to carry out the legacy. >> absolutely. and you know, the city fed carries an important message, represents the heartland of the u.s. they've seen the impact on quantitative easing on -- >> unfortunately they're not getting much in terms of ben bernanke's ear. how strong will the jobs report friday have to be in terms of making people reprice and earlier fedex it? >> it's about the unemployment rate. with the unemployment rate still at 7.9% and the fed saying it has to get to 6.5% before they'll consider raising rates, you need a number of very strong employment report before we start repricing that from 2015. >> where's your view? where do you think the unemployment rate is at this point? >> what's interesting is, it's less about the
valley decisionmakers. joining us from san francisco is nicholas from app annie and it ranks research and publishers and we've been trying to get him on for a long time. thank you for being with us, nicholas. >> thanks for having me. >> if you can name the top three apps, hottest next-gen that we need to know about. >> okay. so i would take a look at young lee which is a news aggregating app that has been doing good right now that has a good interface. i would take a look at linkedin and its sister app which is card munch allows you to take pictures of business cards and upload them to your account. >> i've tried this, by the way. it takeses a while to get it to come back. you take a picture of the business card and it supposedly scans it and a real person looks at it first and it could take a week or two. >> yeah. it can take a while if actually the card is not recognized instantly. it is bad because you have a live person, indeed, that actually will have to input it so it might take a while. >> we have our anna huffington here. what apps should she buy? she runs huffington post and
is bringing back the ps service on flights between the two hubs in los angeles and san francisco and the hub at jfk new york. these are live seats in business flats. united has stripped out and used fewer seats for the business class in hopes of getting more revenue. what are we seeing with the airlines? all of them are moving in this direction. they're adding premium service because they're targtding corporate customers in the entertainment industry, financial services, industries that will pay for that extra service. >> united will have fewer premium cabinet seats in the new configuration. delta has only 16 premium cabin seats. american's configuration is unknown. they are trying to right size the number of seats with the number of people who will pay for it. >> and hopefully for the airlines more of a profit yield per airline. this is at a six-year high. it's up again today. most stocks moving higher today. we're going to see this on a number of routes wean the west coast and east coast. >> phil lebeau, thank you for that story. now to shares of fedex. brandon is a transportation expert t
recovery for blackberry's business is, and jim joinings us now from san francisco. the price target is their 6 a share. always good to see you. you never bought into the hype of the z10 from the get go. what do you see in terms of sales. >> the stock has been going up and it's been up year to date and a lot of hype around the company and we found that it's extremely difficult because the competitive nature seems to be getting more and more fierce. we found the initial launch to be disappointing. it was good in europe and good in canada, but in the united states most of the store reps weren't even trained and most of the sell through was not what people were expecting. >> and that echoes what goldman saying they did channel checks of 20 looks and found the spend wasn't there in terms of promotion and the positioning wasn't there in the stores. at the same time, jim, when you were thinking about black berry is you're thinking of a comeback. if blackberry simply sold z10s or q10s to existing users could that be enough to put blackberry on the path to recovery here? >> that's if their p
over year numbers and did you look at those numbers? double-digit increases and not just san francisco, it always has a double-digit increase. we got a bit of a lull here and everybody bes that. we basically stalled out right now. we went straight up from the beginning of january into the middle of march to 1863. that was two points away from the historic high and basically we just stalled out here, but everybody has stalled out. europe has stalled out and did you see the emerging market economies and basically those stalled out two months ago so the global markets were teetering and probably this is a good thing and we have to broaden out the arguments a bit. so here's what i think will happen. the next catalyst will be the central banks and we'll get the ecb and the bank of japan and the bank of japan will come out like gang busters and the ecb will be very conciliatory and they'll offer liquidity to all people who want it and need it. i think that's the message you'll hear from draghi and they're going to offer a very conciliatory tone. i think the big problem is after that because
. san francisco, pretty nice with cloud cover and 71 in los angeles. in terms of delays, we don't expect anything. washington, atlanta, seattle, so far, things are picture perfect. no delays anticipated whatsoever. enjoy, guys. back to you. >> thank you for that. as we've been discussing, it is the last trading session of the quarter. all day, cnbc will be bringing you what we're calling channel checks. these are short snapshots of what you need to be watching in the coming quarter. we begin with eunice yoon in china. >> here is what to watch for this china in the quarter ahead. inflation. markets like this one are going up. and that is kautsing people to wonder if the government is going to have to step in and tighten monetary policy. the property market is also in focus. people are wonder fg government measure toes clamp down on housing will take effect. and now that the country has a new set of readers, everyone is waiting to see if they're going to push through much needed economic reform. i'm eunice yoon. >> now back to the u.s. markets. joining us now, maura harris, chief u.s. econ
with the rain, too. dallas, 56 degrees and is relatively quiet out towards san francisco. l.a., breezy conditions. that will make it tough for firefighters. expect scattered showers in seattle. possibly snowfall in the high elevations outside of missoula. that rain could cause you some backup at the airports. especially in seattle. but in nashville, a wintry mix as well as in cleveland. minor delays possible. back to you guys. >> reynolds, thank you and we look forward to that grass skirt next week. >> careful. pith helmet, careful. peek a boo. reynolds, we'll see you next week. >>> the economic recovery on china, what's on the minds of some of the most part frl ceos right now? we are live in istanbul, turkey. michelle crusoe cabrera is there. good morning, michelle. >> and it is a great event, buckeye, because it gives you this wonderful view into what is lapping in the global economy from people who are running businesses all over the world that are really granular level. one of those individuals sitting next to me tceo of the eye group. this is a european based company that has inve
that the chancellor of the university of california at san francisco, susan desmond hellmann will join its board of directors. she'll be the second woman elected to the board following cheryl sandberg. she's genentech. i know she may be the chancellor now. but that's where obviously everybody knows her from. the company had faced criticisms that its directors were all men. meantime the company is expected to unveil a big changes to its home page feed likely making it both more visual and content specific to users. she's great at that. she's one of the people that saw how well genentech has done in terms of being a huge asset to roche's business, and a lot of the drugs that we talk about were genentech related. it was the first one to come public. >> it was. when we come back we have more of an all-star lineup. two hours and almost too much to cover. famed market bull jeremy siegel. short seller jim chanos. alex gore ski and michael stein hart. stay tuned. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exac
in there. williams from san francisco, dudley, 11 and leff lacquer who seems to make a lot of news but only giving ten speeches. let's look at the next award that larry meyer gives. the total absolute chance, bernanke moves it 18 basis points over the course of his 12 speeches. dennis lockhart from atlanta coming in second. doesn't strike me as one of the more influential guys but apparently the market is really listening. richard fisher next. dudley, bullard, lacker and williams. now this is the most important award i think. we call this the power player award. this is moves per speech. bernanke at the top, followed by our good friend from atlanta dennis lockhart. jeff lacker second, like i said, he's pretty impactful when he does speak. bill dudley and kocherlakota. one more thing. how do they move markets? are they hawkish, do they move the yield up or down? bullard here tends to move it up. lockhart but there's bill dudley a known dove moving it up. williams, and plosser a known hawk moves it down. bernanke moves it down which is what you'd expect. joining me now larry meyer to explain
that for our visitors from the san francisco area, the bay area. john, you know credit well. and obviously you're also a big player in the equity markets. i've curious, let's start off with a look at credit. yields moving up a little bit today. it's been a heck of a bull market for a long time. you made a lot of your money there. do you still prefer credit to the equity side or not? >> no, i definitely prefer equity here. credit has been taken to almost a nirvana level. allocators correctly were risk averse here, cautious. and all that money that went into credit produced spreads that are now extremely tight. and not appropriate for the actual economic environment. >> you don't think so? >> no. >> you say nirvana level. the spreads haven't come in -- they aren't historically the lowest they've ever been. they're close, but not -- >> relative to equity they are. junk bond yields for the first time ever is trading tighter than the s&p earnings deals. so the junk bond companies basically have no revenue growth, and obviously are susceptible to a bad economy. >> yeah. a lot of guys buying that cre
Search Results 0 to 29 of about 30 (some duplicates have been removed)